Realty Income Forms $1.5B JV with GIC and Declares 667th Dividend

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Realty Income declared its 667th consecutive monthly dividend of $0.27 per share, annualized at $3.24, payable February 13, 2026. Additionally, the company has formed a $1.5 billion joint venture with GIC for U.S. build-to-suit logistics projects and Mexican property acquisitions, boosting industrial portfolio diversification.

1. Record 667th Consecutive Monthly Dividend Declared

Realty Income announced its 667th consecutive common stock monthly dividend of $0.2700 per share, representing an annualized payout of $3.240 per share. The dividend will be paid on February 13, 2026 to stockholders of record as of January 30, 2026. This milestone solidifies the company’s reputation as 'The Monthly Dividend Company®' and extends its streak of uninterrupted monthly distributions since its founding in 1969.

2. Joint Venture with GIC to Target Logistics and Mexico Expansion

Realty Income entered into a joint venture exceeding $1.5 billion with Singapore’s GIC to develop build-to-suit logistics facilities across the United States and pursue targeted expansion into the Mexican market. The partnership is structured to leverage GIC’s long-term capital and Realty Income’s development expertise, with an initial pipeline of over 10 million square feet of warehouse projects slated to commence construction by mid-2026.

3. Portfolio Metrics Highlight Resilient Cash Flows and Growth Potential

As of September 30, 2025, Realty Income’s portfolio comprised more than 15,500 properties across all 50 U.S. states, the U.K. and seven European countries, maintaining a 98.3% occupancy rate. The company’s assets are predominantly anchored by essential retail tenants under long-duration, inflation-hedged leases, contributing to consistent adjusted funds from operations (AFFO) growth over the past decade. With interest rates expected to moderate in 2026, management forecasts enhanced acquisition opportunities that could further boost AFFO per share and expand its global footprint.

4. Dividend Growth Track Record and Index Membership

Realty Income has increased its dividend for over 30 consecutive years, earning membership in the S&P 500 Dividend Aristocrats® index. This achievement underscores the company’s disciplined capital allocation and resilient business model, which have navigated multiple economic cycles while delivering dependable monthly income to investors.

Sources

SZP